Valuing eco-assets: A note on valuation methods

Abstract

SUMMARY The valuation of eco-assets should take into account the perceptions and judgments of the public. However, the value of eco-assets based on conventional calculations has often been unreliable as a result of differing situations and individuals involved. Therefore, a reasonable and efficient method for valuing eco-assets is needed. In this paper, a brief summary of the history of valuing eco-assets is provided, followed by a summary of conventional methods of valuation. This summary of the currently used methods revealed that they do not take into account the effect of the stage and development of the population determining the value of the eco-assets. Therefore, we have developed a social development stage coefficient (l), based on Engel's coefficient. A new valuation method was then created by integrating the development stage coefficient (l) with a conventional model. Finally, possible future strategies for valuing eco-assets are discussed.